Oka, The Carbon Insurance Company (Oka)™ has closed a $10-million investor raise that sets the foundations for its next growth phase. 

Hello Alice, the fintech platform connecting 1.5 million small businesses to capital, connections, and opportunities, announced today the close of a Series C funding round with QED Investors, Mastercard, and others, bringing their total company valuation to $130 million. This new funding will continue to fuel Hello Alice's expansion of its capital offerings and AI-driven financial health tools for small businesses.

Moomoo, one of the world's leading investment and trading platforms, has proudly announced a global strategic partnership with Nasdaq, a premier provider of platforms and services for global capital markets. This collaboration marks a significant milestone in the longstanding relationship between the two esteemed brands, who share a commitment to empowering investors with advanced trading technology and comprehensive market insights.

Xoom, PayPal's cross-border money transfer service, announced today that U.S. users now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin. Rolling out to customers in the U.S. starting today, the new funding option will allow U.S.

Ripple, the leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations.

Omniwire, a leading next-generation fintech company specializing in core banking, issuer processing, and card issuing services, is pleased to announce it has received a $2 million investment that will support its mission to reshape the financial technology landscape with its innovative solutions. 

This investment will accelerate Omniwire’s growth as it continues to expand its services to meet the evolving needs of clients and partners. 

Trustly, a global leader in Open Banking Payments, and Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, are proud to expand their collaboration in instant payments with the addition of the FedNow® Service. The development delivers the highly anticipated expansion of an instant payment network to Trustly’s merchants, enabling new capabilities to optimize the routing of funds instantly via Cross River’s singular API endpoint.

At a time when technology is seamlessly integrated with our everyday financial activities, savings management is one of the key areas primed for evolution. The advent of platforms like Hargreaves Lansdown’s Active Savings, which allows customers to park their money with various banks and building societies and manage it all from one place, is changing the way savers interact with their funds.

Biz2Credit and subsidiary software platform Biz2X have been named to the Financial Times’ 2024 list of “The Americas’ Fastest Growing Companies” once again. This prestigious award is presented by the FT and Statista Inc., the world-leading statistics portal and industry ranking provider.